Expert Appraisal Reviews with Saxton Appraisals, Inc.

According to an announcement by the Federal Reserve, "financial institutions must have effective, unbiased real estate appraisal and evaluation programs," and that appraisers doing reviews must "have the knowledge and expertise to determine compliance with the Federal Reserves appraisal rules and guidelines." Saxton Appraisals, Inc. provides appraisal review services that are impartial, efficient, professional and compliant with the Federal Reserve's guidelines.

Appraisal reviews "must conclude whether the appraisal or evaluation is fitting for the transaction, the liability of the transaction, and whether the method by which the collateral valuation is accomplished ensures independence and quality," as stated by the Federal Reserve. They "should also indicate whether the appraisal or evaluation report is even with the engagement letter, which sets forth the extent of the appraisal assignment." Last, The Federal Reserve says that "some institutions augment typical reviews with post-funding assessments of appraisal quality for any of their higher-liability or larger-value dealings as a control to help in identifying valuation disputes."

In addition to adjusting our work to the regulations and guidelines of our review customers, there are four Fannie Mae forms that are usually used for review services, and we'll develop an appraisal review on any of them. They include an appraisal "desk" review, a "field" review, a "short" form and a "narrative" form. At Saxton Appraisals, Inc., we are qualified in every form of appraisal review, review process and the obligations of review appraisers.